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State Considers Bringing Gold Home
KXAN ^ | 03/23/2013 | KXAN

Posted on 03/24/2013 8:55:40 PM PDT by Smittie

Texas has $1B in physical gold

Governor Perry is showing support for a bill to bring home rare and precious metals the state already owns.

Republican Rep. Giovanni Capriglione of Southlake introduced House Bill 35-05. It would create the Texas Bullion Depository, which would house the physical gold bars the state owns.

The Texas Tribune reports the state has a billion dollars in physical gold, which is owned by the University of Texas Investment Management Company.

The gold is currently stored in the Federal Reserve Bank of New York.

"If we can securely store this gold in Texas and do it at a lower cost to the state than where it is currently stored then we should take a look at that," the Governor said in a statement from his press office to KXAN on Friday. "Number one priority is that it is securely stored."

(Excerpt) Read more at kxan.com ...


TOPICS: Business/Economy; Government; News/Current Events; US: Texas
KEYWORDS: federalreservebank; gold; perry; texas; texasgold
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The state's assets should be where they are under the control and protection of the state.
1 posted on 03/24/2013 8:55:40 PM PDT by Smittie
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To: Smittie

X-ray every bar looking for tungsten...


2 posted on 03/24/2013 8:57:49 PM PDT by null and void (If the government is so worried about civil disturbance, why are they working so hard to disturb us?)
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To: Smittie

Good luck on that. Even the Germans can’t get their gold back within twenty years.


3 posted on 03/24/2013 8:59:21 PM PDT by batterycommander (a little more rubble, a lot less trouble)
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To: Smittie
Just in case ... you know ... they decide to ... ummmmm ... form their own country
4 posted on 03/24/2013 9:01:20 PM PDT by ClearCase_guy (The ballot box is a sham. Nothing will change until after the war.)
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To: Smittie

Gold? What gold??? Bwahahaha...


5 posted on 03/24/2013 9:02:50 PM PDT by Dick Bachert (of)
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To: Smittie; jiggyboy; PA Engineer; blam; TigerLikesRooster; Cheap_Hessian; CJinVA; Jet Jaguar; ...

Goldbug ping.


6 posted on 03/24/2013 9:04:09 PM PDT by Jet Jaguar
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To: ClearCase_guy
Just in case ... you know ... they decide to ... ummmmm ... form their own country

Again.

7 posted on 03/24/2013 9:06:29 PM PDT by Charles Martel (Endeavor to persevere...)
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To: Jet Jaguar

Why am I picturing Obama detouring by Ace hardware on his way back to the White House from Israel to pick up a can of gold spray paint?


8 posted on 03/24/2013 9:09:40 PM PDT by The Duke (We don't rent pigs, but apparently we *do* ELECT them.)
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To: Smittie

Damn, when the SHTF you do NOT want Ben Bernanke holding your gold.


9 posted on 03/24/2013 9:10:04 PM PDT by PGR88
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To: Smittie
Good for Texas - we don't need to keep our gold in New York City. And good for AZ for considering gold and silver as legal tender.
10 posted on 03/24/2013 9:11:40 PM PDT by Jane Long (Background checks? Dandy idea, Mr. President. Shoulda started with yours. - Sarah Palin)
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To: Smittie
Dudes, do it!

There's nothing like a verify to smoke out the snakes.

11 posted on 03/24/2013 9:15:40 PM PDT by Paladin2
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To: Smittie

Why would anyone in their right might allow those thieving conniving banksters at the Federale Reserve to posses and control your gold? That is nuts as nuts can be


12 posted on 03/24/2013 9:18:52 PM PDT by dennisw (too much of a good thing is a bad thing --- Joe Pine)
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To: Paladin2

When the tide goes out you find out who has been swimming naked -— Warren Buffet


13 posted on 03/24/2013 9:20:18 PM PDT by dennisw (too much of a good thing is a bad thing --- Joe Pine)
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To: Smittie

If your gold is in my bank then it’s my gold not yours.


14 posted on 03/24/2013 9:20:18 PM PDT by count-your-change (you don't have to be brilliant, not being stupid is enough)
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To: dennisw

right mind not might


15 posted on 03/24/2013 9:21:10 PM PDT by dennisw (too much of a good thing is a bad thing --- Joe Pine)
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To: Smittie

Your gold is in the New York Federal Reserve?

Sure it is.....


16 posted on 03/24/2013 9:24:03 PM PDT by Vendome (Don't take life so seriously, you won't live through it anyway)
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To: Smittie

Wow... This is a very good idea. I’d love to see other states follow suit and see if the “Federal Reserve Bank of New York” has all the gold it claims it has.


17 posted on 03/24/2013 9:27:24 PM PDT by Lancey Howard
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To: PGR88
Damn, when the SHTF you do NOT want Ben Bernanke holding your gold.

I would love to know the chain of events that has the FR owning any US gold and holding it in their vault below the Federal Reserve Bank of NY which btw is the real Federal Reserve not those dopes and parasites in DC headed up by Ben Bernanke. How did the NY Fed come to have that gold that should be owned and controlled by the Treasury of THe United States. 

How much US gold is owned by the FR and how much by the Treasury? It is said the USA has a 8,133.5 tons of gold. Who exactly is owning it?

18 posted on 03/24/2013 9:28:54 PM PDT by dennisw (too much of a good thing is a bad thing --- Joe Pine)
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To: count-your-change

YEP....he who has the gold, makes the rules....


19 posted on 03/24/2013 9:31:32 PM PDT by goodnesswins (R.I.P. Doherty, Smith, Stevens, Woods.)
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To: goodnesswins

Sure move our gold back to Texas.

Exchange black gold for gold gold.

We ship oil, you pay us in Gold.


20 posted on 03/24/2013 9:35:47 PM PDT by Texas Fossil
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To: count-your-change
Texas builds nukes.

Your turn.

/johnny

21 posted on 03/24/2013 9:36:39 PM PDT by JRandomFreeper (Gone Galt)
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To: ClearCase_guy

Just in case? We already know how.


22 posted on 03/24/2013 9:38:39 PM PDT by X-spurt (Republic of Texas, Come and Take It!)
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To: null and void

Think you gotta drill sample it.

No doubt one our prev damn dem Govs thought it was good idea to let Nuevo York hold it.


23 posted on 03/24/2013 9:40:38 PM PDT by X-spurt (Republic of Texas, Come and Take It!)
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To: dennisw

24 posted on 03/24/2013 9:41:56 PM PDT by Lancey Howard
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To: goodnesswins

What would Texas do if they showed up at the Fed bank with a truck and the Fed said “no”?


25 posted on 03/24/2013 9:44:04 PM PDT by count-your-change (you don't have to be brilliant, not being stupid is enough)
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To: Lancey Howard

I am well aware that WB father was a rock ribbed conservative hard money guy who served in the US Congress. WB is fiat money all the way.


26 posted on 03/24/2013 9:44:37 PM PDT by dennisw (too much of a good thing is a bad thing --- Joe Pine)
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To: JRandomFreeper

Irrelevant.


27 posted on 03/24/2013 9:46:08 PM PDT by count-your-change (you don't have to be brilliant, not being stupid is enough)
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To: count-your-change
Really?

Really, really?

The State that was once an independent republic that makes nukes up in the pan-handle is irrelevant?

You yankees sure know how to throw a party.

/johnny

28 posted on 03/24/2013 9:49:26 PM PDT by JRandomFreeper (Gone Galt)
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To: Smittie

I think if it’s THERE...bring back to Texas.

Sadly, I’m not sure there is any gold there. Or any where else.


29 posted on 03/24/2013 9:55:43 PM PDT by berdie
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To: berdie

That would be an interesting thing to report on the evening news...


30 posted on 03/24/2013 10:01:56 PM PDT by null and void (If the government is so worried about civil disturbance, why are they working so hard to disturb us?)
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To: count-your-change
And remember... Texas is slightly larger than France.

Which also has nukes.

/johnny

31 posted on 03/24/2013 10:04:19 PM PDT by JRandomFreeper (Gone Galt)
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To: count-your-change

Shut down the gas pipelines and freeze a yankee.


32 posted on 03/24/2013 10:04:44 PM PDT by X-spurt (Republic of Texas, Come and Take It!)
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To: null and void

Actually, I did see on a news program (msm) a couple of years ago that there is no gold in the vaults.

Is it true? I sure don’t know. But it’s sure possible.


33 posted on 03/24/2013 10:08:01 PM PDT by berdie
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To: X-spurt
Think you gotta drill sample it.

Worse comes to worse, yes. But if there is a nondestructive method that would be preferable.

X-ray, neutron activation, ultrasound, mechanical deformation (does the bar bend, twist, flex or stretch like solid gold?), sonority, center of gravity, something.

34 posted on 03/24/2013 10:09:02 PM PDT by null and void (If the government is so worried about civil disturbance, why are they working so hard to disturb us?)
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To: berdie
Is it true? I sure don’t know.

Me neither.

But it’s sure possible.

Yep. But denying Texas its gold would remove any doubt.

35 posted on 03/24/2013 10:12:16 PM PDT by null and void (If the government is so worried about civil disturbance, why are they working so hard to disturb us?)
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To: Smittie

and Perry really thinks that the Gold is still there?

I’d laugh, only it ain’t funny.


36 posted on 03/24/2013 11:28:56 PM PDT by Shadowstrike (Be polite, Be professional, but have a plan to kill everyone you meet.)
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To: Smittie

That is assuming it still exists in the US. It’s more likely to be in China or Saudi Arabia.

But tungsten is nice, too.


37 posted on 03/24/2013 11:37:51 PM PDT by Hardraade (http://junipersec.wordpress.com (Vendetta))
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To: Shadowstrike
and Perry really thinks that the Gold is still there?

Or is Perry calling them out?

38 posted on 03/24/2013 11:49:15 PM PDT by D Rider
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To: JRandomFreeper

If your grasp of the English language is as poor as it appears to be then I’ll help you out this one time.

That Texas (or any other state) builds nukes is irrelevant to the question of where they store their gold or whether they can obtain it on demand.


39 posted on 03/25/2013 12:30:38 AM PDT by count-your-change (you don't have to be brilliant, not being stupid is enough)
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To: X-spurt

With fracking do the yankees need Texas?


40 posted on 03/25/2013 12:35:03 AM PDT by count-your-change (you don't have to be brilliant, not being stupid is enough)
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To: X-spurt

What the hell, is wrong with you, boy?


41 posted on 03/25/2013 12:41:48 AM PDT by RedHeeler
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To: Smittie

Every state that owns gold should do the same thing. Keep it within the boundaries of the state. Every state needs to prepare to exist without Federal Handouts and using their own assets.

One day, the dollar is likely to just collapse. Any governor and state legislature that is not preparing for how to survive in that scenario is not fulfilling their duty.


42 posted on 03/25/2013 12:44:30 AM PDT by greeneyes (Moderation in defense of your country is NO virtue. Let Freedom Ring.)
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To: Smittie

Thats about 1560 gold bricks roughly 21.5 tons.


43 posted on 03/25/2013 1:49:07 AM PDT by MCF
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To: count-your-change

“What would Texas do if they showed up at the Fed bank with a truck and the Fed said “no”?”

The feds would not say “no” to Ranger Lone Wolf Mcquade. He would bust out his armpit uzis.


44 posted on 03/25/2013 3:06:14 AM PDT by MikeSteelBe (Austrian Hitler was, as the Halfrican Hitler does.)
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To: Smittie

With questionable speculation practices (fear pushing, strained analyses, et al), instances of fake bullion being discovered, and housing the bullion in a State/City who cannot be trusted with freedom, it makes perfect sense to take possession of your bullion and keep it away from these financial bandits.


45 posted on 03/25/2013 3:38:32 AM PDT by Gaffer
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To: count-your-change
What would Texas do if they showed up at the Fed bank with a truck and the Fed said “no”?

Well, since the feds hold it in a 'delegated trust' FOR the State, it means it belongs TO the State.

I believe refusing to give it back would be both theft and breach of contract.

However true, therefore, it may be, that the judicial department is, in all questions submitted to it by the forms of the Constitution, to decide in the last resort, this resort must necessarily be deemed the last in relation to the authorities of the other departments of the government; not in relation to the rights of the parties to the constitutional compact, from which the judicial, as well as the other departments, hold their delegated trusts.
James Madison, Report on the Virginia Resolutions

-----------

Hee, hee, hee!

46 posted on 03/25/2013 4:53:14 AM PDT by MamaTexan (Please do not mistake my devotion to fairness as permission to be used as a doormat)
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To: Smittie

DAMN RIGHT! We need to retrieve our gold and store it physically within the borders of the Republic of Texas.

It would not surprise me if all of the physical gold is not there and has been attached as collateral for some New York bank’s outstanding loans.

I’m a native Texan and I think it’s well past the time that we become our own free republic once again.

Perry has become a beacon of hope for us Texans.


47 posted on 03/25/2013 4:53:58 AM PDT by DH (Once the tainted finger of government touches anything the rot begins)
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To: Charles Martel

-——again-——

I think that if you read the fine print, Texas might still be intact as a Republic that voluntary joined the Union and retains it’s national status.


48 posted on 03/25/2013 5:42:36 AM PDT by bert ((K.E. N.P. N.C. +12 .....The fairest Deduction to be reduced is the Standard Deduction)
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To: null and void

The tried and true test is to bite it. If there are teeth impressions, it is likely gold. To test purity, use a touchstone.


49 posted on 03/25/2013 5:47:38 AM PDT by bert ((K.E. N.P. N.C. +12 .....The fairest Deduction to be reduced is the Standard Deduction)
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To: Smittie

The funny part about the Fed is they were willing to hold any gold deposits “free of charge” as long as an entity submitted a certain minimum weight. Nations, etc that couldn’t afford such insane physical security gladly gave it to the Fed to hold for “free”.

Suckers!


50 posted on 03/25/2013 5:49:21 AM PDT by varyouga
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